Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

BB&T Upgrades U.S. Xpress to 'Strong Buy'

BB&T Capital upgraded U.S. Xpress (XPRSA) to strong buy from buy.

Analyst Thom Albrecht says he also raised the 8 cents second-quarter earnings per share estimate to 14 cents, and upped the 37 cents 2003 estimate to 49 cents. Furthermore, he increased the 58 cents 2004 estimate to 75 cents, and raised the $11 target to $15.

Albrecht cited a favorable rate environment, growth of the company's regional and dedicated operations, and improved performance at its Xpress Global Systems (XGS) unit. He says the favorable capacity environment should result in its average rate per loaded mile advancing about 3% in 2003. Albrecht says the XGS unit is no longer a drag on profitability after being in the red since 1999. He thinks earnings per share estimates and the 12-month target could be conservative if U.S. Express really gets going.

blog comments powered by Disqus